2010 Mississippi Code
TITLE 79 - CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPS
Chapter 29 - Mississippi Limited Liability Company Act.
79-29-914 - Court costs and fees of experts.
§ 79-29-914. Court costs and fees of experts.
(1) The court in an appraisal proceeding commenced under Section 79-29-913 shall determine all costs of the proceeding, including the reasonable compensation and expenses of appraisers appointed by the court, and shall assess the costs against the professional limited liability company. But the court may assess costs against the disqualified member, in an amount the court finds equitable, if the court finds the member acted arbitrarily, vexatiously or not in good faith in refusing to accept the limited liability company's offer.
(2) The court may also assess the fees and expenses of counsel and experts for the disqualified member against the limited liability company and in favor of the member if the court finds that the fair value of his membership interest substantially exceeded the amount offered by the limited liability company or that the limited liability company did not make an offer.
Sources: Laws, 1995, ch. 494, § 49, eff from and after July 1, 1995.
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